This is a Short time target , we have elliott wave 1,2,3,4 and we are waiting a wave 5 , Fibonacci Extensions will help us to identify the last wave on the 1.272
A couple of hours ago it was the live stream of Julian the TenX founder and the TenX holders seems to be satisfied with the new updates , after the Black Friday when all the Cards was closed .
In my opinion this short term target of 1.272 seems to be extremely realistic .
Please keep in mind that "long" and "short" positions are not used to measure the time frame you expect the asset to go up. "Long position" and "Short position" are related to the price movements of the asset.
A "Long position" means that you expect the asset's price to go up, so you buy the asset to sell at a higher price, thus making a profit.
A "Short position" means that you expect the asset's price to go down, so you sell the asset to buy back at a lower price at the start of a new uptrend to sell at a higher price, thus making a profit.
A "Long position" means that you expect the asset's price to go up, so you buy the asset to sell at a higher price, thus making a profit.
A "Short position" means that you expect the asset's price to go down, so you sell the asset to buy back at a lower price at the start of a new uptrend to sell at a higher price, thus making a profit.
You can learn more about trading language and these terms on the link below or in many other websites and videos if you google it.
thebalance.com/what-do-long-short-bullish-and-bearish-mean-1030894
Regards ;)